Hyperliquid in Discussions With Kraken Affiliate to Enter US Market
Decentralized exchange Hyperliquid is in talks with Payward's Bitnomial to provide regulated perpetual futures to U.S. traders.
Decentralized derivatives platform Hyperliquid is in discussions with Payward-owned Bitnomial to offer perpetual contracts to U.S. investors. Under the proposed structure, Hyperliquid's trading volume would route through the CFTC-regulated exchange infrastructure to ensure domestic compliance.
Perpetual futures represent the largest segment of global crypto trading volume, yet regulatory constraints have historically excluded domestic retail and institutional participants. Partnering with a licensed entity provides a viable path to legally tap into onshore liquidity.
The development highlights a broader trend of decentralized finance protocols adopting compliant access channels. If finalized, the deal would bridge on-chain liquidity with regulated U.S. derivatives markets.
Key takeaways
- Hyperliquid is in talks with Bitnomial to offer perpetual futures in the United States.
- Trading would route through a regulated entity to comply with federal derivatives rules.
- A finalized agreement would mark a major milestone for onshore decentralized derivatives access.